Business

Katsina State Revenue Services to shut down banks, others over unremitted tax

Published

1 year ago

June 3, 2023 3:01 pm

BodexNG

The Katsina State Revenue Services (KRS) has given banks and other agencies in the state a two-week ultimatum to remit tax collected on behalf of the state government or face the wrath of the law.

The Executive Director, of Katsina Revenue Services (KRS), Alhaji Sirajo Mohammed, in the company of his team, disclosed this to newsmen when they visited the defaulters in their offices within the state capital.

Sirajo who said the accumulated debt is over one billion naira, noted that some of the defaulters are owing the state about N500 million.

Consequently, the KRS team placed notices of non-compliance at strategic locations within the premises of the defaulters to draw the attention of the general public to the development.

“These agencies and organisations we visited are those that we have liabilities with. This is just a warning. We will still come back and enforce the law fully for recovery if within the time given, they do not respond and we did not see a payment from them.

“They have deducted government money and have not remitted to the government. We have been on this issue for quite some time now. We have met and sat with them but they have refused to come up with their payments.

“So, based on the provisions of the law, we are telling them and telling the public that these organisations are non-tax compliance and so they should avoid transacting with them.

“In your interest, it is better you don’t deal with them. We are giving them a period of two weeks within which to come forward and settle their outstanding liabilities, failure of which will result in recovery options without further recourse to these organisations.”

“We have quite a lot of options given by the law. We may choose to garnish or freeze their account or take over their accounts or lock up the premises until we get our payment. We have quite a number of options.

“So, we are hoping that this warning we have served should be enough. We hope they come around tomorrow or next to settle. So that we can come and remove the notices and inform the public that they can confidently resume transacting business with them,” Sirajo said.

Business

Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS

Published

8 hours ago

November 25, 2024 1:29 pm

BodexNG

The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.

The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.

Business

Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers

Published

11 hours ago

November 25, 2024 11:01 am

BodexNG

The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.

This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.

The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.

Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.

“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.

“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

Business

Allegation of missing fund untrue, says Access Bank

Published

12 hours ago

November 25, 2024 9:16 am

BodexNG

Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.

The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.

“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.

“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.

“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.

“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.

“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.

“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.

“We remain committed to serving our customers.”

Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others